Tracing Someone Who Owes You Money

What is a Tracing

What is a Tracing?

What if you have a client who owes you money, but you can no longer get hold of them? Someone who owes you money who has ‘disappeared’?  Well, tracing is a sort of magic on its own. With debtors defaulting on their payments on the rise, tracing is ideal!  If you delivered a service in exchange for payment, but payment was never received, you can now approach a tracing agent.

What is a trace?

A trace is when you pull a report on someone to see if there are any updated information.

What information does a tracer need in order to perform a trace?

A trace can be done by simply providing the last known cellphone number, company name, individual name and surname, last know address or even ID number/registration number respectively. Or all of the above.

Which tracing systems are used?

Traceps, CIPC, EXPERIAM, XDS, and TransUnion are simple, yet powerful systems that allows you the opportunity to pre-vet individuals and trace the relevant information. These are the systems most tracing agents use when trying to locate a debtor.

What kind of information can I get from a trace?

Individual traceCompany trace
·         ID NUMBER

·         RESIDENTIAL ADDRESS

·         PROPERTY ON THE PERSONS NAME

·         POSTAL ADDRESS

·         CURRENT EMPLOYER

·         PREVIOUS EMPLOYER

·         HOME NUMBER

·         WORK NUMBER

·         CELL NUMBER

·         ALTERNATIVE CONTACT NUMBERS

·         MARITAL STATUS

·         SPOUSE NAME

·         EMAIL ADDRESS

·         REGISTRATION NUMBER

·         REGISTRATION DATE

·         TRADING STATUS

·         FINANCIAL YEAR END

·         BUSINESS DESCRIPTION

·         DIRECTORS NAME AND ID NUMBERS

·         REGISTERED ADDRESS

 

Typically tracing agents can charge you anywhere from R200.00 depending on the information needed. However, it is important to note that the POPI act does make provision for protecting personal information.

What is the PoPI act?

In simple terms, the purpose of the PoPI Act is to ensure that all South African institutions conduct themselves in a responsible manner when collecting, processing, storing and sharing another entity’s personal information by holding them accountable should they abuse or compromise your personal information in any way. The PoPI legislation basically considers your personal information to be “precious goods”.

Should you require any assistance regarding tracing someone who owes you money, please feel free to contact our offices for more information.

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Reviews

Cindy-lee Payne
Cindy-lee Payne
10:50 15 Oct 18
would like to thank Kaylee and Cathleen for an awesome service. friendly and very professional.would definitely recommend their service
Liyana Van Heerden
Liyana Van Heerden
12:58 05 Apr 17
Excellent feedback and Results.Vermeulen Attorneys handle all our outstanding accounts and have always proven themselves worthy of settling payment in the shortest of time frames. Their rates is affordable from small to big operating companies. The give excellent feedback so you always know where your case is standing. Glad we started working with them as they are saving us a lot of trouble and money.
Geraldine Bruce
Geraldine Bruce
14:46 21 Jan 18
Mervyn recently assisted me in a case against one of the largest financial institutions. I had really run out of options and Mervyn's knowledge and expertise convinced me right away that he was the one I wanted on my side. Mervyn and his team worked tirelessly and professionally to conclude the matter and I am extremely grateful my 3 year nightmare is finally over. I would definitely recommend Vermeulen Attorneys.